Philips Warning Rattles Techs,
Analysts Predict More Bad News

Philips Electronics NV sent chills through an already-rattled technology sector with its second-quarter profit warning, and analysts said the market should brace for more bad news.

"The general economic slowdown and the troubles in the global telecoms sector are having a ripple effect on the technology industry," said Steven Vrolijk, technology analyst at ING Barings in Amsterdam. "Suppliers like Philips are stuck with...